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A powerful interview with billionaire Steve Forbes on how the U.S. can solve its economic problems

ker
July 6, 2012

Mr. Forbes explains the benefits of a stable monetary system, i.e., the gold standard, smaller government and lower taxes on individuals.  He also defends free markets with “sensible rules of the road”.

Click here to read the article.

courtesy of Ron Hara of Hera Research LLC.


Discussion
8 Comments
    Jul 06, 2012 06:23 AM

    “Over time it takes more silver to buy an ounce of gold.” -Steve Forbes.

    True, anyone looking at the historical charts and shouting, “GSR, during my lifetime, must go to its historical relation again!” is at best deluding himself. Doesn’t mean its volatility doesn’t provide for interesting opportunities. And to rephrase Mr. Forbes, “Over time, it takes less effort to accidentally loose or vacuum away a monthly saving’s worth of gold.”

      Jul 06, 2012 06:14 PM

      It’s an interesting statement which I’m going to ponder. But silver has more industrial uses than ever. So in prospecting for all that new silver, will it turn-up similar amounts of residual gold, as in the past? Or how much of that new, net silver demand comes from destructive, one-time uses? There’s a lot of ways to go with that conversation. Short term, gold might be better for currency-collapse hedging, but that doesn’t reflect the “Over time” condition Forbes gives it. Definitely a thought-provoking statement.

        Jul 06, 2012 06:02 PM

        Unfortunately, I’m not familiar with Mr. Forbes’ reasoning. Okay Big Al, seems like we need a weekend show segment with Steve doing some more explaining… maybe lure him with a bottle of Guinness handsigned by irishtony?

          Jul 06, 2012 06:42 PM

          That’ll either lure him or drive him away.

    Tom
    Jul 06, 2012 06:48 AM

    “Over time it takes more silver to buy an ounce of gold.” -Steve Forbes.

    “Just because it is true and makes sense, does not mean it will come to pass” -Tom

    Jul 06, 2012 06:50 AM

    Forbes certainly has some good ideas but the limited details presented in the article lead me to conclude that his plan is a bit simplistic. Perhaps he will flesh out his plan in greater detail in his new book.

    I don’t believe in his proposed highly regressive flat tax as some simply don’t have the skills are savvy to be self sufficient although presently there is a tremendous anount of abuse in the system. And this is not necessarily based on social justice issues but rather on the fact that that the very wealthy have the very most to lose in an unstable society.

    I’m fully expecting incoming from others as soon as I post so have taken the precaution of putting on my flak vest and helmet. I do plan on reading his new book and am certainly open to his ideas; I just need more factual information.

    Jul 06, 2012 06:09 PM

    I just listened to G Celente on usa watchdog and yesterday Max Keiser about libor (sp). No rules or regulations or plans are going to do anything, the ones we have now,up to and including the constitution mean nothing.Nothing is regulated and laws are not enforced. Absolutly nothing is going to change until the psycopaths are removed from the system. If you ask me we dont need them in the gene pool. I think the sooner people realise that the better, unfortunatly over 90% of the people dont care enough to inform themselves.

    Jul 06, 2012 06:12 PM

    Kind of a funny example, an ad on tv shows people getting free enty to a movie, they are suprised and ask why? It is because they applied for and used a debit card that has those rewards. Now , you tell me, if people dont even know what cards there are useing and why, are these people going to have a clue?